Industry

-By Gideon Osaka The pivotal role oil and gas plays in the Nigerian economy is immeasurable. The sector contributes an estimated 56.8% of National revenue according to the Central Bank of Nigeria (CBN) Quarterly Economic Report Q4…
Read More...

…Board to record US$360m Annual Turnover from Partnerships -By Danlami Nasir Isah The Nigerian Content Development and Monitoring Board (NCDMB) recently organised an onboarding capacity building workshop for members of the Senate…
Read More...

-By Fred Ojiegbe The Managing Director of Total Exploration and Production Limited, Mike Sangster has described the Egina Floating Production Storage Offloading, FPSO, as an unprecedented technology game-changer in Nigeria’s oil…
Read More...

-By Fred Ojiegbe The international oil companies, IOCs may not be keen to fully harness the gas potential of Nigeria unless there is a guaranteed sustainable payment for the product, Engr. Yusuf Usman, Chief Operating Officer, (COO)…
Read More...

The Nigerian National Petroleum Corporation (NNPC) has begun work on the establishment of Biofuel refinery at Alape in Kogi State. The Leader of the team, Renewable Energy Department of the NNPC, Mr Danjuma Yakubu who disclosed this…
Read More...

The following announcement is being made in accordance with Rule 4 of the Nigerian Stock Exchange Amended Listing Rules and Rule 9.6.11 of the UKLA Listing Rules. Resignation of a Non- Executive Director: The Board of Directors of…
Read More...

Ideally, the key components of governance do not preclude the provision of essential services, with a view to bringing succour to the citizenry in the running of their legitimate affairs. Petroleum products are some of such essential…
Read More...

-By Gideon Osaka Nigeria ended the year 2019 with a minus three rig count in December, having recorded 17 as against 20 recorded in November, at a time the Organisation of Petroleum Exporting Countries, OPEC, had an impressive plus 12,…
Read More...

-By Gideon Osaka Global oil demand growth is expected to reach 1.26 million barrels per day (MMB/D) in 2020, up from 0.95 MMB/D growth in 2019, with growth expected in all regions except Western Europe and Japan, S&P Global Platts,…
Read More...

-By Gideon Osaka Amidst widespread complaint and backlash by Nigerians, the federal government again has said it will spend about N450 billion this year on fuel subsidy. This is despite the commitment by the Nigerian National…
Read More...